Making decisions can be a difficult task especially if you are afraid that you don’t take the correct one this is why if you are not familiar with the process of applying for a payday loan and you have finally decided to take that step please keep reading so you can be better orientated before actually doing it.Applying for a payday loan is a great way to get out of that temporary financial bind but getting a cash advance loan online can result more convenient than you have ever thought.For example, with Finance Problem Free you get a convenient and speedy application process, the reason? Because within 24 hours you can have your personal loan deposited directly into your checking account allowing you to pay any unexpected bills. There is no credit check; you just need to go through a process of employment and bank verification to certify that you count with an actual job and that your bank account is current and active, plus you have to be at least 18 years of age to be able to qualify.One well known company that offers great online service and assistance is Finance Problem Free, they have even modified for your convenience their application process online so you can get an approval within an hour. You just need to supply your contact information, job history, and checking account number that you wish to have the cash advance deposited to. You can submit your application at anytime. You don’t have to fax any check stubs or forms – the whole process is paperless.Once the payday loan has been approved, your money will be electronically deposited to the same checking account you provided information from, and this could be done practically overnight. This means you won’t have to wait for a check to process or take a trip to your bank.Another aspect that Finance Problem Free knows is vital for you is that your information should be secure and out of hands of entrusted people that is why you don’t have to worry because your information will be handled only by our company members and it will be treated with discretion. But maybe it all sounds too good to be true that is why the only way you actually know if all mentioned is true is if you log online and see it for yourself Finance Problem Free can be your cash solution.

The foreclosure crisis has created an unprecedented opportunity to invest in real estate at hugely discounted prices. When a homeowner defaults on their mortgage and goes into foreclosure, the end result is that the house ends up at a foreclosure auction. If no one buys the house at the foreclosure auction, then the house goes back to the bank that originated the mortgage loan. Once the property is returned to the bank, it is known as an REO which stands for real estate owned (by the bank).

The bank has a department that specifically deals with REO properties. In this department, there are asset managers, who are responsible for overseeing these bank owned properties. Each house gets assigned by the asset manager to a realtor who is a listing agent for the asset manager (bank). These realtors are required to submit a BPO (broker price opinion) to the asset manager. The BPO is the realtor’s opinion of what this bank owned house would sell for in today’s market. This BPO is based on a cash offer price that an investor would pay to buy the house as soon as possible.

Bank owned homes that are sold by the bank are usually cash only deals. What this means is that traditional buyers that are looking to purchase a home with a mortgage are effectively “unable” to purchase these homes. Only cash buyers that can pay cash are allowed to submit offers to buy these bank owned reo properties. For this reason, usually the bank will require a “proof of funds letter” to be submitted along with the contract to purchase the property. The proof of funds letter is often a bank or brokerage statement showing that the buyer has the cash available to purchase the property immediately.

The realtor submits the broker’s price opinion to the asset manager at the bank. This price lets the asset manager know at what price the realtor thinks the house should be listed in order to be competitively priced. The asset manager might agree to list the house at this price or more likely will agree to list it for a price that is a little higher than the BPO.

At this point, the house gets listed on the MLS for everyone to see. All realtors and anyone with access to the MLS can now see that this house is available for sale. These listings are also available on free websites such as www.realtor.com and www.zillow.com.

Cash investors begin calling the listing agent to schedule a time to see the house. If the house has been priced competitively then the competition will be fierce among the buyers that are trying to purchase the house. Investors like me will often submit an offer to purchase a house within hours of the house being listed on the MLS. In some cases, if the house is priced competitively there will be multiple offers on the house and there may be as many as 8 or more purchase contracts to buy the house. In this scenario, the realtor will contact all of the potential buyers and will ask them to submit their “highest and best” offer. The buyers will then each submit their highest offer and the highest offer will buy the house.

Most of today’s cash buyers are investors that are looking for either rental properties or houses that can be fixed up and resold. Houses that need virtually no repairs are in demand by cash investors looking to add to their rental portfolio. Houses that need repair are in demand by cash investors that are looking to fix up and then resell these houses to first time homebuyers.

There is tremendous competition in buying bank owned properties. Many beginners make “lowball offers” without being aware of the fierce competition amongst cash investors. The reality is that many of today’s REO properties are being sold at or above the listing price. Making lowball offers in this environment is a waste of time. Short sales are also a waste of time. Why bother negotiating back and forth with a bank when you can just make offers on the bank owned properties listed on the MLS. The asset manager will have a response within a few days compared to the typical 3 months wait for a response on a short sale offer. There is much less paperwork too.

The competition for bank owned properties is most fierce in the entry level first time home buyer homes. The reason is because these properties make great rentals. Cash buyers can purchase these homes and since the prices are so cheap, the cash flow is very positive on these houses as rental properties. Houses that can be fixed and flipped to first time home buyers are also very appealing to cash investors. Investors can buy these houses, repair them and then sell them to first time home buyers with FHA mortgages at a huge premium.

If you have the cash, buying bank owned properties is a great way to make a tremendous profit in today’s real estate market. However for most potential new investors they are lacking three critical key components:

Cash to purchase the house Proof of funds letter Education and training

We offer a Private Mentoring Program that specifically resolves these issues for beginning real estate investors. Please contact our office if you would like to find out more information about this program. If you already have all of the above components then now is a really good time to get started investing in real estate. Today’s real estate market provides an unprecedented opportunity to get started buying bank owned reo properties.

Lex Levinrad has been a full time distressed real estate investor since 2003. He has been involved in buying, rehabbing, wholesaling, renting, and selling hundreds of houses in South Florida. Lex is the founder and CEO of the Distressed Real Estate Institute, which trains beginning distressed real estate investors about how to find wholesale real estate deals. Lex specializes in buying foreclosures and bank owned REO homes. Lex offers private mentoring, bus tours, boot camps and home study courses for real estate investors. Lex is an accomplished national public speaker and has shared the stage with some of the countries best real estate speakers including Frank McKinney. For more information about the Distressed Real Estate Institute please visit http://www.lexlevinrad.com or call 800-617-2884.

In the past, one of the easiest ways of getting a check from real estate investing is through the use of simultaneous closings. This was were essentially buying a property and reselling it to another investor on the same day. Because of new state and federal policies which have made simultaneous transactions much more difficult, a program called transaction funding has taken the place to allow people to continue making money without the hassle of being subjected to scrutiny and red tape of regulations.

Questions

One of the questions that many people ask when faced with the opportunity of simultaneous closings, however, is whether transaction funding is legal, and what pitfalls are faced with these types of investments. Before you engage in any type of activity, especially those that involve money even if the money is not yours per se, it is important to understand the full legal implications before undergoing the process, in order to ensure your safety and reputation.

Legalities

One of the things that an investor must understand in these types of transactions, however, is that it is actually legal. Although there have been new requirements and procedures that the state and the federal bureaus conduct to make the transactions much more difficult than in the past, these essentially are only safety mechanisms that should not deter entrepreneurs such as you from making money and profit when faced with the opportunity. The only catch is that you cannot undertake simultaneous closings without a funding source, which makes transaction funding necessary – so that you do not undertake dry closings per se, which are essentially the bad types of deals to avoid. When you are able to show proof of funds during the transaction between buying and selling, then you have little to worry about, unless your prospective buyer walks out on you. But then again, it is your job to ensure that you have a buyer who will follow through with the deal.

Pitfalls

The other pressing question that is often asked is what the catch is behind these types of deals. Naturally, when faced with something that seems too good to be true, the initial reaction for most people is to think that it probably is. When it comes to transaction funding to be used to facilitate simultaneous closings, there are several things that you should be aware of. First is that there is no such thing as a free lunch.

Since transaction funding essentially provides you with a bridge loan to allow you to undertake a particular buy and sell transaction, you as an investor should be prepared to pay the fees that come with all types of loans. In most transaction funding programs and companies, there are commitment fees to be paid, usually along the line of 0. These vary from one company to the other, where some require annual commitment fees for people who make a living out of real estate buying and selling, while others offer commitment fees that last a lifetime.

Apart from the commitment fees, however, there are the actual fees for the particular loans themselves, depending on the amount requested. Most companies, for instance, will charge a flat fee of around ,000 for funding requests of up to 0,000. Keep in mind, however, that as the funding request increases, the loan fees also increases. Depending on the transaction funding company, you can borrow up to several million dollars, especially for investors who are dealing with bulk REOs and other major real estate investments that require larger capitals. It is up to you to decide what type of real estate business you will undertake.

The other major pitfall that you should know, however, is that tax does apply to these types of transactions, since real estate that is bought and sold within 12 months is considered to be regular income and therefore subject to the usual taxation rules. Because of this, expect your earnings to be reduced by anywhere from 40% to 50% depending on the particular taxes that apply to your particular area. With a good property that can sell at an excellent price, however, both loan fees and tax deductions can still end up with a quick buck for you.

Duncan Wierman is an Ex Software CEO turned Real Estate Investor and Marketer. Discover how to use creative financing to get your deals closed and make money faster without using any of your own money! Free Proof of Funds, No Pay to Play, Details: http://www.QuickTurnCashFunding.com

The foreclosure crisis has created an unprecedented opportunity to invest in real estate at hugely discounted prices. When a homeowner defaults on their mortgage and goes into foreclosure, the end result is that the house ends up at a foreclosure auction. If no one buys the house at the foreclosure auction, then the house goes back to the bank that originated the mortgage loan. Once the property is returned to the bank, it is known as an REO which stands for real estate owned (by the bank). Bank Asset Managers List

The bank has a department that specifically deals with REO properties. In this department, there are asset managers, who are responsible for overseeing these bank owned properties. Each house gets assigned by the asset manager to a realtor who is a listing agent for the asset manager (bank). These realtors are required to submit a BPO (broker price opinion) to the asset manager. The BPO is the realtor’s opinion of what this bank owned house would sell for in today’s market. This BPO is based on a cash offer price that an investor would pay to buy the house as soon as possible.

Bank owned homes that are sold by the bank are usually cash only deals. What this means is that traditional buyers that are looking to purchase a home with a mortgage are effectively “unable” to purchase these homes. Only cash buyers that can pay cash are allowed to submit offers to buy these bank owned reo properties. For this reason, usually the bank will require a “proof of funds letter” to be submitted along with the contract to purchase the property. The proof of funds letter is often a bank or brokerage statement showing that the buyer has the cash available to purchase the property immediately.

The realtor submits the broker’s price opinion to the asset manager at the bank. This price lets the asset manager know at what price the realtor thinks the house should be listed in order to be competitively priced. The asset manager might agree to list the house at this price or more likely will agree to list it for a price that is a little higher than the BPO.

At this point, the house gets listed on the MLS for everyone to see. All realtors and anyone with access to the MLS can now see that this house is available for sale. These listings are also available on free websites such as www.realtor.com and www.zillow.com.

Cash investors begin calling the listing agent to schedule a time to see the house. If the house has been priced competitively then the competition will be fierce among the buyers that are trying to purchase the house. Investors like me will often submit an offer to purchase a house within hours of the house being listed on the MLS. In some cases, if the house is priced competitively there will be multiple offers on the house and there may be as many as 8 or more purchase contracts to buy the house. In this scenario, the realtor will contact all of the potential buyers and will ask them to submit their “highest and best” offer. The buyers will then each submit their highest offer and the highest offer will buy the house. Bank Asset Managers List

Most of today’s cash buyers are investors that are looking for either rental properties or houses that can be fixed up and resold. Houses that need virtually no repairs are in demand by cash investors looking to add to their rental portfolio. Houses that need repair are in demand by cash investors that are looking to fix up and then resell these houses to first time homebuyers.

There is tremendous competition in buying bank owned properties. Many beginners make “lowball offers” without being aware of the fierce competition amongst cash investors. The reality is that many of today’s REO properties are being sold at or above the listing price. Making lowball offers in this environment is a waste of time. Short sales are also a waste of time. Why bother negotiating back and forth with a bank when you can just make offers on the bank owned properties listed on the MLS. The asset manager will have a response within a few days compared to the typical 3 months wait for a response on a short sale offer. There is much less paperwork too.

The competition for bank owned properties is most fierce in the entry level first time home buyer homes. The reason is because these properties make great rentals. Cash buyers can purchase these homes and since the prices are so cheap, the cash flow is very positive on these houses as rental properties. Houses that can be fixed and flipped to first time home buyers are also very appealing to cash investors. Investors can buy these houses, repair them and then sell them to first time home buyers with FHA mortgages at a huge premium.

If you have the cash, buying bank owned properties is a great way to make a tremendous profit in today’s real estate market. However for most potential new investors they are lacking three critical key components:

· Cash to purchase the house · Proof of funds letter · Education and training

We offer a Private Mentoring Program that specifically resolves these issues for beginning real estate investors. Please contact our office if you would like to find out more information about this program. If you already have all of the above components then now is a really good time to get started investing in real estate. Today’s real estate market provides an unprecedented opportunity to get started buying bank owned reo properties. Bank Asset Managers List

How come everyone is earning from Real Estate? Want to get rich during the Downturn?

U.S. Treasury Department Will Auction a Seized Commercial Warehouse in Semmes, AL

Semmes, AL (PRWEB) June 27, 2010

On Wednesday, June 30, 2010, 11 a.m. the auction will start at the property site. Warehouse with office space contains 4,000 ± sq. ft. of office space with reception area, conference room, offices, employee lounge, and bathrooms with showers. There is a 10,000 ± sq. ft. heated and cooled warehouse and another 20,000 ± sq.ft. of warehouse space. The warehouse has 20’ ceilings and includes four 14’ bay doors, 3 loading docks, 1 loading ramp, and 23 front parking spaces. The site is rectangular with approx. 438 feet of frontage along Schillinger Rd. The area is in unincorporated Mobile County and is primarily light industrial. Semmes is a suburban area outside of Mobile. NOTE: The property is currently leased through December 2010 for $ 8,000 a month. Total improved land is approx. is 34,000 sq. ft. and the total site is approx. 13.91 acres.

Auction held at property site.
Great Investment Opportunity!
Open house dates are by appointment on June 28 and must be set-up with Mike Lewis at 281-236-0539. Proof of funds will be required.
Registration will begin at 10am on June 30th.
Opening bid will be established on the floor at the time of auction. Written bids will not be disclosed prior to the auction.
Deposit will be $ 50,000 Cashier’s check made payable to URS. Cashier’s checks made payable to bidder’s name CANNOT be accepted.
Directions to Sale Property: From downtown Mobile take Springhill Avenue. Slight Right at Moffett Road. Turn Left at County Rd 72/Howells Ferry Road. Turn Right at County Rd 31/ Schillinger Road N. Property will be on the right.

One major short sale concern of the bank is investing the time and effort in arranging a short sale then having the buyer not close on the short sale. Due to this possibility you can expect the bank to ask for a “Proof of Funds Letter” or a “Mortgage Commitment Letter” as a needed part of the short sale package.

This request is often a major hindrance for investors that are flipping the deal with what is regarded as a double closing or simultaneous closing. What are yourr options?

Here are a few possible (remedies|solutions} for the needed proof of funds letter:

-Bank Statement. If you have the funds available send the bank a recent bank statement as your “proof of funds letter”.

-Obtain a Proof of Funds Letter. This letter can be acquired from your bank, mortgage broker, non-public hard funds provider, or anyone which has the power to provide transaction funding.

-Mortgage Commitment Letter. I am not a fan of the Mortgage Commitment Letter because a bank issues a loan commitment after it has approved both the house and you. The home appraisal must meet the bank’s rules and the bank may need the real estate be in a better condition then the current state of the property. For that I feel a commitment letter is better suited for purchasing houses that don’t involve a short sale.

-Home Equity line ( HELOC ). If you have available equity in a property a HELOC on the home can serve you well. First, there is no charges on most HELOC for unused lines of credit. Second, it meets the banks suggestions for proof of funds letter even if these are not the funds you intend on closing with.

The bottom line is unless you have a longtime relationship with the bank it’s likely you will have to show evidence of funds in some manner. If you are new with some resources, find a good hard funds provider to work with and they can supply the proof of funds letter you need.

If you want to find out more on how to close deals with private transaction funding , in addition to obtaining the mandatory proof of funds letter, without using any of your own cash or credit please visit www.weprovidethefunds.com

On behalf of the Administrator, Stephen Tancock of Reeves & Co LLP, Michael Charles of Amco Agency Ltd has been instructed to consider offers for all or part of a portfolio of domain names.

This collection currently contains circa 1,000 domain names amassed, since 1999, by a digital marketing agency with significant SEO skills.

This collection is mainly .com and .co.uk extensions, but does include some .biz, .info and .net where there are sets or the names are significantly generic.

These domains were selected for their “generic term” bias and their ability to attract natural web traffic. The category sets were designated for in-house development alongside the company’s successfully managed websites. The domains have not been parked.

A number of sectors are covered the strongest of which are Business, Finance, Gambling, House and Garden, Insurance, International, Parcel Distribution, Shopping, UK Sport, Travel, Web Marketing and a set of 42 UK Counties. Some classifications formed by significant sets of premium domains.

Michael Charles commented. “This selection of domain names is extensive and was designed to be worked hard. Strong collections like this are rarely available. These would make a great addition to domain trader’s portfolio or for future development.”

A list of domains and renewal dates will be available shortly. A non disclosure agreement is required. Proof of funding may also be required in order that we may consider offers. Preference will be given to an offer for all.

Stephen John Tancock was appointed administrator of Stem Distribution Limited on 23 November 2010 and the affairs, business and property of the company are being managed by them. The administrator contracts as an agent of the company and without personal liability

Charlie Billington: Living proof is smart aid saves lives
Foreign aid was in the news yesterday as Defence Secretary Liam Fox challenged the government’s plans for our foreign aid.Read more on The Scotsman

Scientists question exaggerated rate of extinction of animal, plant species
After climate gate, the green brigade might be looking at another scandalous exaggeration laid bare – this time by fellow scientists.Read more on The Times of India

Pichay gets 6-month suspension as LWUA board chair
Prospero Pichay Jr., chairman of the Board of Trustees of the Local Water Utilities Administration (LWUA), has been preventively suspended without pay for six months by the Office of the Ombudsman.Read more on InterAksyon

Here a re few sites that may be useful to you. Thanks for stopping by.

Avail the ever best facility of ‘Proof of Funds’ offered by Do Hard Money, the most reliable money lenders of US

Loan! Whenever we talk about investments and their practice in Real Estate Services business, the terms loan or money lending seems quite relative to the topic under discussion. Huge investments in this business can’t be made solely. Nor any person who is having usable real estate business knowledge takes the risk to involve his entire financial reservoir in one project. Curtsey financial institutions and businesses all around the world, which support such financing in a systemic and viable manner for real estate investments.

But when we go through the conventional financial institutions (i.e. banks etc) for money lending, there is a long, tiresome process including extensive documentation process and qualification requirements. And worst part of the story is that the borrower (usually some real estate investor) and his demand of loan may be rejected at any stage from documentation to personal qualification to evaluation process. This is one of the major drawbacks while owing finances from conventional institutions as a real estate investor.

While looking into non-conventional institutions for money lending, you viably feel more convenient and relax. Their processes are more convenient and there are lesser conditions for personal qualification. Private money lenders do concentrate more on the value of the asset for which the borrower is asking for a loan. They are less concerned about the credit scores, income, or tax return verification of the borrower. They believe in evaluating the value of the asset(s) for which a real estate investor is going to lend money. Their terms and conditions are less complicated and they facilitate even the people who newly join the profession of real estate investment.

We at, Do Hard Money, are doing something more for our real estate investors. We are truly unconventional while granting loans to them at one end but simultaneously we are providing them the liberty of running their businesses as per their own philosophy. And for this we are offering them out free of cost product ‘Proof of Funds’. One of the major landmarks since the inception of Do Hard Money I must say.

Since Do Hard Money lends based on the value of the property and does not have credit score, income, or tax return verification our evaluation comes down to just the value of the property. As with any lender we are not going to send an evaluator to the property until the property is under contract. So we are willing to give you a Proof of Funds on virtually any property that meets our criteria condition upon us getting an evaluation done on the property. By completing the below details a Proof of Funds letter will be generated. You can give this to the bank or seller for properties you are trying to purchase. You can receive as many Proof of Funds letters as you need. Just complete the form given on this web page http://www.dohardmoney.com/hardmoney-real-estate.php and a proof of funds letter will be generated.

You may be asking yourself what if the seller calls Do Hard Money. What will Do Hard Money say? I need to call Do Hard Money and make sure they know that I am getting a proof of funds. You don’t need to pick up the phone and call us. You also don’t need to worry. Any time you get a proof of funds it updates our computer system with the property address, the amount, your information and that you received a proof of funds. If a seller, a bank or anyone else contacts us we have all your details in our computer and we will verify that we will do the loan subject to our review of the property. We will also encourage the seller to get the property under contract. Letting them know that we are ready to fund on this deal as soon as our evaluations are completed.